Wealthtech startup Otto Money raises $1.3 Mn led by Pravega Ventures

Wealthtech startup Otto Money has raised $1.3 million in a pre-seed funding round led by Pravega Ventures. The round also saw participation from angel investors including Rishi Kohli (Jio BlackRock AMC), Amit Gupta, Amit Agarwal, and Mohit Aron, along with existing backers.

The fresh capital will be used over the next 12–18 months to strengthen its AI models, enhance personalisation features, expand goal-based advisory capabilities, and build its engineering and data science teams. The startup also plans go-to-market initiatives across tier I cities.

Founded in 2025 by Apurv Gupta and Ankur Lahoti, Otto Money is building an AI-powered wealth guidance platform aimed at providing data-driven financial decision support to retail investors. It focuses on multi-asset portfolio guidance without distributing financial products.

Otto Money operates at the intersection of wealth management and artificial intelligence, targeting digitally active investors. The platform plans to address gaps such as information asymmetry, fragmented portfolio views, and reactive investment decisions.

Otto Money is currently in early deployment and plans to expand its presence across major Indian cities over the next few years.

As per the data compiled by Entrackr, Indian wealthtech startups raised more than $634 million across 51 deals involving 39 startups during 2024 and 2025. In the ongoing calendar year, AssetPlus secured $19.3 million in a funding round led by Nexus Venture Partners. Wint Wealth also raised $28 million in its Series B round, led by Vertex Ventures Southeast Asia & India.